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Swiss Franc Technical Outlook
The USDCHF pattern is tracking our count nicely.
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British Pound Technical Outlook
"Over the last 2 months, the pair has gone sideways and it is more likely that this serves to build a bullish base that will lead to a rally through 2.04...
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Yen Technical Outlook
We remain bearish as long as the USDJPY is below 105.60.
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Old Gas Pumps Can’t Keep Up With Rising Prices
Found this great article online REARDAN, Wash. (AP) — Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can’t register more than $3.99 on their spinning ...
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In the Financial Papers: Today’s Top Forex News 05.13.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 5:01 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy In the Financial Papers: Podcast Covers: US Retail Sales Report...
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Forex Trading: GBPUSD made its way below the 1.9450 level...Now what?
The GBPUSD made it below the 1.9450 level and moved to a intraday low of 1.9425. The pair moved back to the 1.9450 level and held so far. A break of the 1.9425 level should attract additional sellers on the confirmation of...
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Australian Dollar and Forex Trading Strategy
Risk appetite brings back carry tradeThings have been a bit choppy on the currency market, and this has been leading to some interesting situations. Right now, risk appetite is making a bit of a comeback on hopes for the US dollar, ...
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Euro Choppy in Forex Trading
Where is the euro headed in currency trading?The euro is showing choppiness in forex trading on the currency market today. After recovering a bit against the US dollar, the euro is now dropping again in currency trading. ...
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Forex Trading: USDJPY getting close to the 100 day moving average
The USDJPY has upside resistance at 105.10 which is the 100 day moving average. The level was tested on a few occassions, but has not been able to close above the level. Watch this level going forward.
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Forex Trading: GBPUSD testing Support at 1.9450 area
The GBPUSD has been in this downward channel/flag formation and is testing the bottom trendline at teh 1.9450 area.
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Forex News: US Retail Sales come in at -0.2 and +0.5% ex auto
The ex Auto is stronger than expected. Revisions show unchanged from +0.2% and +0.4% from +0.1% originally reported. The report showed strength in housing-related areas. Building Materials jumped 1.9 percent Restaurant sales also...
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Forex News: FOMC Bernanke speaks on the Liquidity measures
FED MEAUSRES CONTRIBUTED TO SOME IMPROVEMENT; FINANCIAL MARKET CONDITIONS FAR FROM NORMAL; END EXTRAORDINARY STEPS WHEN MARKETS MORE NORMAL; FED READY TO INCREASE TAF AUCTIONS AS WARRANTED; FAILURE WOULD HAVE CREATED MUCH BROADER...
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Bobby's Corner-Market Open 5.13.2008
Tuesday May 13, 2008. G ood Morning: The dollar strengthened overnight as traders speculate that the Fed may signal that further interest rate reductions will pause due to rising inflation. European Equity markets lost ground as ...
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My psychological trading setup
The best way for getting profits for me is to be in structured goal oriented mental mode. By that I mean that when I have a plan and it's now of getting around 50 pips per week than I go and deliver that. ...
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Scalping
First gbp/usd trade was scalp with lucky spike in my direction so I got nice profit very fast. I wasn't fast enough to exit it at top, that's how fast it was. Action started after 10:30 gbp news time , spread was wide and it's now 30 ...
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